Memphis Electrical Joint Apprenticeship & Training Committe

Analysis

Memphis Electrical Joint Apprenticeship & Training Committe is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 1968, 58 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Memphis Electrical Joint Apprenticeship & Training Committe reported income of $2.0m and spending of $1.2m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.0m (+86%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Memphis Electrical Joint Apprenticeship & Training Committe sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Brazos Youth Livestock Inc ($2.0m), New York State Association of School Business Officials ($2.0m) and Family Crisis Network ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. Other salaries and wages came to $246k. At year end it held assets of $3.8m against liabilities of $13k, net assets of $3.8m. It reported 23 employees.